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S&P Near Peak as Chipmakers Rise 16th Straight Day: Markets Wrap

This content was published on (Bloomberg) — Stocks hovered near their all-time highs as a slew of strong earnings reports and President Donald Trump’s extension of a ceasefire with Iran revived risk appetites after a two-day retreat. Bitcoin rallied.

Read more: S&P Near Peak as Chipmakers Rise 16th Straight Day: Markets Wrap

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UBS Faces $20 Billion Hike in Capital Needs as Swiss Split Grows

This content was published on (Bloomberg) — The Swiss government outlined plans that would add billions of dollars to UBS Group AG’s capital requirements, deepening a showdown with the lender over its proposed banking reforms.

Read more: UBS Faces $20 Billion Hike in Capital Needs as Swiss Split Grows

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Ex-Credit Suisse Team Plans $1 Billion Fund for Data Center Risk

This content was published on (Bloomberg) — A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers.

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UBS Sees $4 Billion Capital Impact From Swiss Executive Order

This content was published on (Bloomberg) — UBS Group AG estimated that the now-decided element of new Swiss banking rules will reduce company-wide CET1 capital by $4 billion once fully implemented, as it renewed its critique of the overall reform package.

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Switzerland Set to Soften Some UBS Capital Rules, TP Reports

This content was published on (Bloomberg) — The Swiss government is set to present softened bank capital rules later today, according to the news portal Tippinpoint, in a move that would reduce the expected impact for UBS Group AG.

Read more: Switzerland Set to Soften Some UBS Capital Rules, TP Reports

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Goldman Sachs’ Alternatives Arm Buys Stake in Swiss AI Firm BLP

This content was published on (Bloomberg) — A unit of Goldman Sachs Asset Management invested $50 million in BLP Digital, a Swiss artificial intelligence company that helps companies automate financial processes such as invoicing and internal reporting.

Read more: Goldman Sachs’ Alternatives Arm Buys Stake in Swiss AI Firm BLP

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Barclays, Lloyds, UBS Among Banks Picked by UK FCA for AI Tests

This content was published on (Bloomberg) — Barclays Plc, Lloyds Banking Group Plc and UBS Group AG are among the latest group of lenders in the UK authorized to develop and test out real-world artificial intelligence applications, according to the Financial Conduct Authority.

Read more: Barclays, Lloyds, UBS Among Banks Picked by UK FCA for AI Tests

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Stocks Fall, Oil Jumps on Doubts Over Peace Deal: Markets Wrap

This content was published on (Bloomberg) — A rally in oil drove stocks lower as a turbulent weekend in the Middle East cast doubt on prospects for peace talks between the US and Iran before their fragile ceasefire deal expires.

Read more: Stocks Fall, Oil Jumps on Doubts Over Peace Deal: Markets Wrap

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War Revives Stagflation Dangers for Global Economy

This content was published on (Bloomberg) — The cumulative global impact of seven weeks of war in the Middle East will begin to emerge in the coming week, in a second round of business surveys from multiple countries.

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China Calls On Swiss Firms to Step Up Investment, Cooperation

This content was published on (Bloomberg) — China Vice Commerce Minister Ling Ji urged Swiss companies to increase investment and cooperation with the Asian nation, highlighting opportunities under its 15th Five‑Year Plan.

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Wall Street Extends April Surge on Peace Prospects: Markets Wrap

This content was published on (Bloomberg) — Speculation the Iran war is poised to end sent risky assets surging anew, extending a month-long rally that’s lifted the S&P 500 Index to a succession of records, added around $12,000 to the price of Bitcoin and pushed up credit and gold.

Read more: Wall Street Extends April Surge on Peace Prospects: Markets Wrap

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Yield Bets Pay Off for Traders Willing to Tune Out War Risks

This content was published on (Bloomberg) — Those credit investors who gambled on higher-yielding corporate bonds in the midst of the Iran war are looking increasingly vindicated as markets rebound on hopes of a lasting truce.

Read more: Yield Bets Pay Off for Traders Willing to Tune Out War Risks

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Stocks Eke Out a Record as Mideast Tensions Linger: Markets Wrap

This content was published on (Bloomberg) — US stocks held onto record highs as traders digested a flurry of headlines on the conflict in the Middle East, brushing aside warnings that the US-Iran war would continue to linger for months.

Read more: Stocks Eke Out a Record as Mideast Tensions Linger: Markets Wrap

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SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR